Major League Baseball(NEW YORK) -- The Los Angeles Dodgers have continued their spending spree. This time the Dodgers signed South Korean pitcher Hyun-Jin Ryu to a six-year, $36 million-dollar deal. Ryu can opt out of the deal after the fifth year if he reaches pitches 750 innings.

"We are excited to welcome Hyun-Jin Ryu to Los Angeles and the United States, continuing the tradition of Korean pitchers with the Dodger organization," Dodgers general manager Ned Colletti said.

The Dodgers spent $25.7 million to have exclusive rights to negotiate with Ryu and his agent Scott Boras. The timeframe to negotiate would have expired at 2 p.m. Pacific on Sunday. If a deal was not reached, Ryu would have been sent back to South Korea, and the Dodgers would have their $25.7 million negotiating fee.

The 25-year-old Ryu has pitched seven seasons in the Korean Baseball Organization, where he posted a 98-52 record and a 2.80 ERA.